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Old 02-13-07, 05:01 PM
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Thumbs down 3rd times not a charm

It happened again. In mid-December we got another offer on our house. We accepted and went into escrow. It was supposed to be a short escrow with a proposed close date of only 21 days. Well, that didn't happen. They asked for an extension and so we raised the deposit. They accepted so we figured it should be a good deal still. Today, almost 60 days into escrow the deal falls through....for the 3rd freaking time. So the only good news is that we're getting a substantial deposit. The bad news is if there is no other buyer in the next 60days the house will go into foreclosure. Im trying to keep my head up and just accept this and move on. I cant explain how maddening it is for this to happen repeatedly to us. 4 offers, 3 in escrow and still the house is not sold. Unbelievable.
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Old 02-13-07, 05:08 PM
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That is crazy! At least you got some money out of it this time. I hope you find someone else soon! Have you taked to the bank to see if they would work with you to keep it out of foreclosure? I ended up bankrupting on my last house, but it went unpaid for almost a year before the bank got serious about talking foreclosure.
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Old 02-13-07, 05:09 PM
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wow what happened with these buyers? I am so sorry, I can't imagine how stressful that must be
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Old 02-13-07, 05:23 PM
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i'm so sorry
 
i hope you can get another buyer real quick. Are these people not getting mortgages?
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Old 02-13-07, 06:30 PM
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that's just horrible!
 


is it possible for you to rent out the house?
Even if you don't get the full mortgage, some rent might be enough to keep you afloat until you can sell it.
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